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AI Analysis of HMC
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Evaluation of Honda Motor Company Ltd stock downgraded after the last trading session.
(Updated on May 02, 2024)

Buy or Hold candidate since May 01, 2024 Gain 1.60% PDF

The Honda Motor Company Ltd stock price gained 1.60% on the last trading day (Thursday, 2nd May 2024), rising from $33.82 to $34.36. During the last trading day the stock fluctuated 1.00% from a day low at $34.12 to a day high of $34.46. The price has been going up and down for this period, and there has been a -0.26% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 245 thousand more shares were traded than the day before. In total, 610 thousand shares were bought and sold for approximately $20.96 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $33.66 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Honda Motor Company Ltd stock with a 90% probability to be traded between $33.82 and $37.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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HMC Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.11%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Honda Motor Company Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $35.81. On a fall, the stock will find some support from the short-term average at $34.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Honda Motor Company Ltd stock

Honda Motor Company Ltd finds support from accumulated volume at $34.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.340 between high and low, or 1.00%. For the last week, the stock has had daily average volatility of 0.91%.

Our recommended stop-loss: $32.39 (-5.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (HMC) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Honda Motor Company Ltd to open at $34.31, and during the day (based on 14 day Average True Range), to move between $33.86 and $34.86, which gives a possible trading interval of +/-$0.499 (+/-1.45%) up or down from last closing price. If Honda Motor Company Ltd takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $34.06 (0.87%) than the resistance at $36.24 (5.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Honda Motor Company Ltd will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.440. We will update the financials statements for Honda Motor Company Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.29% in the first trading day after earnings release.

Is Honda Motor Company Ltd stock A Buy?

Honda Motor Company Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.660 Hold/Accumulate Downgraded

Predicted Opening Price for Honda Motor Company Ltd of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$34.31 ( 0.136%) $34.36

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HMC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 34.65 0.85 %
R2 34.52 0.476 %
R1 34.44 0.242 %
Current price: 34.36
Support S1 34.18 -0.514 %
S2 34.10 -0.747 %
S3 33.97 -1.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 37.08 7.92 %
R2 36.43 6.02 %
R1 36.24 5.47 %
Current price 34.36
Support S1 34.06 -0.87%
S2 33.99 -1.08%
S3 33.86 -1.46%

HMC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 27, 2024 Mar 27, 2024 Mar 27, 2024 $0.550 1.47%
2 Sep 01, 2023 Sep 28, 2023 Dec 12, 2023 $0.440 1.44%
3 Mar 02, 2023 Mar 29, 2023 Jun 13, 2023 $0.320 1.01%
4 Sep 28, 2022 Sep 28, 2022 Jun 13, 2022 $0.310 1.29%
5 Mar 29, 2022 Mar 29, 2022 Mar 29, 2022 $0.400 1.38%

FAQ

What is the symbol for Honda Motor Company Ltd Stock and on which exchange is it traded?
The symbol for Honda Motor Company Ltd is HMC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Honda Motor Company Ltd Stock?
Honda Motor Company Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Honda Motor Company Ltd Stock?
Honda Motor Company Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Honda Motor Company Ltd Stock.

What's the current price of Honda Motor Company Ltd Stock?
As of the end of day on the May 02, 2024, the price of an Honda Motor Company Ltd (HMC) share was $34.36.

What is the 52-week high and low for Honda Motor Company Ltd Stock?
The 52-week high for Honda Motor Company Ltd Stock is $37.90 and the 52-week low is $26.02.

What is the market capitalization of Honda Motor Company Ltd Stock?
As of the May 02, 2024, the market capitalization of Honda Motor Company Ltd is 59.45B.

When is the next earnings date for Honda Motor Company Ltd?
The upcoming earnings date for Honda Motor Company Ltd is May 09, 2024.
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About Honda Motor Company Ltd

Honda Motor Company Ltd Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses. The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models; and various off-ro... HMC Profile

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